The education sector has been predicted to grow at the rate of 30 to 35 per cent in the years to come.
The education sector has been predicted to grow at the rate of 30 to 35 per cent in the years to come. The education sector, which offers potential business opportunity emanates from the fact that India has world’s largest youth population. ‘The Franchising World’ magazine in its anniversary issue for the year 2010 featured top Indian franchise brands in various sectors and classified them into established, emerging, debutant and international categories. At the same time, it provided an actionable agenda to education operators and service providers like play schools, schools, institutes, development and training programmes, vocational trainings, counselors, and professional coaching operators to plunge into franchising or grow an existing franchise network.
Education is the second largest household expenditure after food. Presently in India, middle class, upper middle class, and even poor families spend 20 per cent of their disposable income on private schools and universities. Private institutions are typically perceived as hallmarks of quality education and given the demand, Indian education entrepreneur are ready with massive expansion plans, which will provide thrust for the education sector to grow multifold.
Speaking on the growth, Gaurav Marya, President, Franchise India, said, “Our report features education providers from varied backgrounds starting from an established, international and national to emerging; these findings of the report re-establish the fact that franchise is the next route of growth for brands in the country. There are around 1,200 franchisors in the country, having over One lakh franchisees across country. Out of this number, approximately, 32 per cent are in the education sector. Foreign investment through franchise route will be more forthcoming in sectors like child skill enhancement, e-learning, teacher training, and finishing schools as also for IT and BPO training. Education sector is the most franchised sector in India and it is interesting to note that franchise outlets are far higher in number than company-owned outlets.”
Education companies which ranked in Top 100 list include Crestcom Internationals, NIIT, NIIT E-Guru, Zee High, Zee Institute of Creative Arts, Veta, Career Launcher, Eurokids, Kidzee, Aisect, Shemrock & Shemford Schools, Roots To Wings, Brainworks, Promise, I Play I Learn, D. Newage School of Design.
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